Must be great to get paid millions of dollars for doing absolutely nothing:
Today Caltrain announced that it has negotiated an extension of the deadline for contractors to begin construction of the Peninsula Corridor Electrification Project while the agency awaits a decision from the Federal Transit Administration about the execution of a $647 million funding agreement. The contractors agreed to extend the deadline for four months, from March 1 to June 30.
The extension does not come without cost implications. Buying additional time from the contractors will likely require the utilization of up to $20 million in project contingency that otherwise would have been available for construction related expenses in the future.